In today’s briefing:
- Introducing ARIRANG K-Defense, Sector ETF Currently in the Limelight in Korea
Introducing ARIRANG K-Defense, Sector ETF Currently in the Limelight in Korea
- ARIRANG K-Defense Industry Fn ETF (449450 KS) shows the fastest AUM/ADV growth among recently listed sector ETFs. It is virtually the only one enjoying the influx of local retail investors.
- The increasing trend of ETF AUM, coupled with the growing interest of local retail investors in the defense sector, will likely lead to flow improvement in each constituent.
- The passive impact of some stocks in the upcoming rebalancing is expected to expand to 0.4-0.5x ADTV. Notable names in this regard are Hanwha Corporation and SNT Motiv.
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